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According to the research report, the file integrity monitoring market will witness a growth of 12.57% with a CAGR of 13.09%, which is expected to increase by USD 277.58 million for the forecast period 2021 to 2026.
This file integrity monitoring market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the file integrity monitoring market segmentation by end-user (BFSI, government, education, and others), deployment (cloud and on-premise), and geography (North America, Europe, APAC, the Middle East and Africa, and South America). The file integrity monitoring (FIM) market report also offers information on several market vendors, including AT&T Inc., BeyondTrust Corp., Cimcor Inc, CISO Platform, Excel Controlinkage Pvt. Ltd, HelpSystems LLC, Ionx Solutions LLP, LogRhythm Inc., Microsoft Corp., Nagios Enterprises LLC., New Net Technologies LLC., Paessler AG, Qualys Inc., SolarWinds Corp., Splunk Inc., Tanium Inc., Trend Micro Inc., Trustwave Holdings Inc., Zoho Corp., and Netwrix Corp. among others.
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Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the file integrity monitoring market. During the COVID-19 pandemic, the demand for the file integrity monitoring market has been impacted significantly. But a holistic analysis of drivers will help in predicting exact demands and refining marketing strategies to gain a competitive advantage.
Key File Integrity Monitoring Market Driver
An increase in data thefts globally is notably driving the file integrity monitoring (FIM) market growth. Cyber crimes by hackers and cybercriminals are growing at an alarming rate. The number of data breaches and files stolen by hackers is rising globally. Significantly, file integrity monitoring services support enterprises in verifying users as well as in managing their access to enterprise resources. They also help enterprises in enabling applications to be accessed securely by providing the necessary user information for opening files and accessing data. Hence, file integrity monitoring services help enterprises review the critical areas of concern by offering tools to defend against these attacks. Therefore, these factors are expected to propel the growth of the market in focus during the forecast period.
Key File Integrity Monitoring Market Trend
The advent of cloud-based antivirus software is the primary trend driving the file integrity monitoring (FIM) market's growth. Cloud-based antivirus software services are adopted for purposes such as authentication, video management systems, and storing biometric information. As banks and hospitals store large volumes of confidential data in the cloud, it is important to secure the data from unauthorized access. The adoption of cloud-based services is increasing among SMEs as these do not require an infrastructure to support their implementation and are cost-effective. The flexibility and scalability of cloud-based security solutions can accommodate the varying needs of consumers, which is a reason for their increased adoption. With increased employee mobility, numerous organizations have implemented cloud-based services for business functions, such as customer relationship management (CRM), payroll, and enterprise communication, to ensure remote access to data. The need to protect the information stored in the cloud is increasing, which is leading to a greater demand for security solutions and is expected to lead to further growth of the global file integrity monitoring market during the forecast period.
Key File Integrity Monitoring Market Challenge
The high cost of maintenance is the major challenge impeding the file integrity monitoring (FIM) market's growth. File integration monitoring solutions have encryption and intrusion detection capabilities that help enterprises in real-time data monitoring and preventing data theft. However, the cost of implementation of file integration monitoring solutions such as network security firewalls is high, which affects their adoption. The cost of security tools is also high. Security tools such as firewalls and detection sensors can cost $1 million, and the cost of monitoring platforms to manage such security equipment is tenfold. These costs are expected to hinder the growth of the global file integration monitoring market during the forecast period.
This file integrity monitoring market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global file integrity monitoring market as a part of the global systems software market within the global IT software market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the file integrity monitoring market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the FIM market encompasses successful business strategies deployed by key vendors. The FIM market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this report provides a detailed analysis of several leading Companies.
Our report provides extensive information on the value chain analysis for the FIM market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The report has further elucidated other innovative approaches being followed by service providers to ensure a sustainable market presence.
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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for file integrity monitoring market in North America. Market growth in this region will be faster than the growth of the market in other regions.
The demand for file integrity monitoring services across the region will facilitate the file integrity monitoring market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
The COVID-19 pandemic positively impacted the growth of the regional market in 2020. With the increased usage of the Internet in end-user industries, the need for technologies to protect files increased in 2020, resulting in the growth of the market in 2020 and this trend will continue during the forecast period as well.
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The file integrity monitoring market share growth in the BFSI segment will be significant during the forecast period. The BFSI sector is a customer-centric industry and has been undergoing digitalization over the past decade. Digitalization is redefining the BFSI industry and changing the way businesses function. Such factors will propel the segment's growth in the near future.
This report provides an accurate prediction of the contribution of all the segments to the growth of the FIM the market size and actionable market insights on the post-COVID-19 impact on each segment.
File Integrity Monitoring Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 13.09% |
Market growth 2022-2026 |
$277.58 million |
Market structure |
Fragmented |
YoY growth (%) |
12.57 |
Regional analysis |
North America, Europe, APAC, the Middle East and Africa, and South America |
Performing market contribution |
North America at 39% |
Key consumer countries |
US, China, India, Japan, and Germany |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
AT&T Inc., BeyondTrust Corp., Cimcor Inc, CISO Platform, Excel Controlinkage Pvt. Ltd, HelpSystems LLC, Ionx Solutions LLP, LogRhythm Inc., Microsoft Corp., Nagios Enterprises LLC., New Net Technologies LLC., Paessler AG, Qualys Inc., SolarWinds Corp., Splunk Inc., Tanium Inc., Trend Micro Inc., Trustwave Holdings Inc., Zoho Corp., and Netwrix Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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